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While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank. Other registered FPIs in India include the National Social Security Fund (NSSF), a government-run investment fund established primarily to provide a reserve of funds for China's social security system, news agency PTI reported.

According to the report, the FPI registration is a one-time process and permanent in nature in India for a long time, and most of these China-based institutions have been registered for investment in Indian capital markets for several years.

Dismissing reports about Securities and Exchange Board of India (Sebi) having renewed the FPI licence of PBoC as factually incorrect, sources said there is no question of renewal as all FPI registrations are permanent in nature and all they have to do is pay the prescribed fees every three year to their designated depository participant (DDP).

PBoC was originally registered as a foreign institutional investor (FII) on May 4, 2011, and its registration has continued with payment of fees every three years.

From 2014, when a new FPI regulatory regime replaced the erstwhile FII regime, registration and continuance activities of FPIs are being handled by DDPs. All registered FIIs at that time were deemed registered as FPIs after shift to this new FPI regime.

According to data available with National Securities Depository Ltd (NSDL), a leading depository in India, there are 16 China-based entities registered as FPIs in India.